| The US Federal Reserve will hold 2014’s last policy meeting on 17-18 Dec. How the meeting will impact the gold market? “The gold market will point upward in the short term if the Fed announces to leave its rate unchanged at lows for a considerable period at its final policy meeting of 2014,” an analyst from Jinyou Futures said.
The recent rally in gold price was due mainly to weakness in global equities markets, growing risk aversion sentiment, and short covering, the analyst added. “The gold price, however, will fall in the medium and long term due to pressures from market expectations towards the hike in US’s interest rate,” the analyst predicted.............................................Full Article: Source
|